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Subject: About the Great Recession
Written By: mxcrashxm on 07/27/17 at 11:49 pm
So, I just encountered and read an article stating that the economic downturn from 2008 never truly ended due to no real growth. Would you guys agree?
http://theweek.com/articles/714423/great-recession-never-ended
Subject: Re: About the Great Recession
Written By: 2001 on 07/28/17 at 11:41 am
It ended this year (2017). The Asian economies are firing on all cylinders and the global economy is experiencing a synchronized upswing.
Subject: Re: About the Great Recession
Written By: 80sfan on 07/29/17 at 3:01 am
It ended this year (2017). The Asian economies are firing on all cylinders and the global economy is experiencing a synchronized upswing.
I already heard that the economy was going up late 2016. So maybe as early as late 2016.
Subject: Re: About the Great Recession
Written By: Foo Bar on 07/31/17 at 9:42 pm
So, I just encountered and read an article stating that the economic downturn from 2008 never truly ended due to no real growth. Would you guys agree?
http://theweek.com/articles/714423/great-recession-never-ended
http://i.imgur.com/TyNumSS.png
This is per-capita GDP. Most of those boomers are still out there, but they've retired and aren't contributing to GDP anymore. It should be expected that per-capita GDP growth slows when a large cohort of workers leaves the workforce.